Cash accounting, how /when do you account for sales / income?

I'm here to ensure you can account your sales and income in QuickBooks Online, @donw5288.

Cash accounting is a method that recognizes and records transactions only when payment is received. With this, revenue is only recognized when you receive cash payments, and expenses are only recorded when you pay for them. 

Also, you can create a sales receipt to account for your sales or income in QBO. By doing this, you can manually make a receipt for your customer. I'm here to walk you through the steps of doing so.

1. Head to + New, then select Sales Receipt.
2. On the Customer dropdown, select a client.
3. Choose the product or service you sold in the Select a product/service dropdown.
4.  Edit your line item’s quantity and rate in the Qty and Rate field. 
5. Add the other important information, then click Save.

For reference, please read this article: Create sales receipts in QuickBooks Online.

Moreover, please read these articles to learn more information about the accounting methods in QuickBooks Online and how they affect your income and expense reports:

• Choose between cash and accrual accounting methods in QuickBooks Online.
• Why are my income and expense transactions missing from my Profit and Loss report?

Keep me posted if you have further questions about the cash accounting method and how you want to account for sales or income. I'll ensure to answer your questions. 

Hi @donw5288,

Hope you’re doing great. I wanted to see how everything is going about the concern about how and when to account for sales and income you had the other day. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at any time. 

Looking forward to your reply. Have a pleasant day ahead!